A combination of value, cache and new or snazzily refurbished office space is becoming a wining trifecta to lure media companies, technology firms and other businesses to the Downtown market. Prior to the recession, one might have wondered where to put these creative companies, but today, this migration of young and vibrant industries is filling the widening chasm being left by financial services firms as that sector continues contracting, according to industry analysts.
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Two months after Silverstein Properties announced the launch of Silver Suites Offices, the collaborative work space occupying 30,000 prebuilt square feet on the 46th floor of the 52-story 7 World Trade Center is 50 percent leased.  Read more...

Before Jeremy Moss, senior vice president of leasing at Silverstein Properties, joined the firm four and a half years ago, he spent eight years working at Forest City Ratner, a tenure that culminated in a role managing the leasing of the office space at the New York Times building. He called working alongside Bruce Ratner and MaryAnne Gilmartin on the Times building “a great learning experience that prepared me well for the World Trade Center.” Mr. Moss helped oversee leasing at Silverstein’s 7 World Trade Center and is now leading efforts at 2, 3 and 4 World Trade Center. “I feel fortunate to be able to work on such a historic project, particularly as a native New Yorker,” Mr. Moss said when he sat down with The Commercial Observer last week to discuss his leasing efforts at the World Trade Center, its impacts on lower Manhattan and the future of the market.  Read more...

The city will dole out $1.25 million to startups that plan to move to storm-stricken lower Manhattan, according to a new report.

The Economic Development Corp. will announce the 20 finalists for the cash this week, which it expects will spur a migration of hip tech companies to the area long associated with finance, Crain’s New York Business reported.
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The curtain just came closer to rising on the proposed World Trade Center Performing Arts Center on Thursday, when the Lower Manhattan Development Corporation voted to release $1 million to staff the next phase of planning.

“[This] means that we can continue our studies to really tightly inform us of the cost of the building,” Maggie Boepple, a veteran Albany lobbyist charged with planning the center, said after the vote. “You need that number before you can start publicly fundraising.”
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Silverstein Properties has launched a new initiative tailored to smaller firms with big ambitions.

President and CEO Larry A. Silverstein just announced the launch of Silver Suites Offices at 7 World Trade Center, a new executive office space and service business renting spaces from $1,500 to $15,000 a month.
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Larry Silverstein, president and CEO of Silverstein Properties, one of the most prominent and widely respected leaders in the New York commercial real estate industry, will be the honoree at The Realty Foundation of New York’s 59th annual luncheon scheduled for Thursday, April 18, 2013.  Read more...

Like a lot of buildings in lower Manhattan, Silverstein Properties Inc.’s 600,000-square-foot tower at 120 Wall St. took on significant flooding during Superstorm Sandy on Oct. 29.

But unlike a lot of its financial district neighbors that remain closed to tenants, 120 Wall St. was reopened just two weeks after the storm, thanks in large part to the business continuity plan Silverstein’s risk management and information technology departments had spent most of this past summer developing.
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NEW YORK (CBSNewYork) – A major piece of the new One World Trade Center has arrived in New York City.

Part of the giant spire that will top the tower arrived by barge from New Jersey. The nine largest pieces of the spire, each weighing 70 tons, were brought across New York Harbor from Port Newark on Tuesday.  Read more...

From Tragedy to Sustainability
When tragedy strikes a city, it often presents an opportunity to rebuild in a better way. Janno Lieber, president of World Trade Center Properties, discusses New York City's efforts to rebuild the WTC site with sustainability in mind.  Read more...

Construction at the World Trade Center resumed this week after floodwaters poured into the site during Hurricane Sandy.
The day after the storm the decimated much of the tri-state area, Silverstein Properties said inspectors examined the company’s three building sites along the eastern portion of the WTC site.
According to the company, all of the construction cranes at the site are in “working order,” no structural damage occurred at any of Silverstein’s WTC towers, including 4WTC, which remains on schedule to be completed in 2013.  Read more...

Construction work has started again at ground zero, site of the World Trade Center attacks on 9/11, which was flooded by Superstorm Sandy.  Read more...

Larry Silverstein, president and chief executive officer of Silverstein Properties Inc., talks about the impact of superstorm Sandy on the World Trade Center site in Lower Manhattan and climate change. Silverstein speaks with Deirdre Bolton on Bloomberg Television's "Money Moves."   Read more...

Though the World Trade Center didn’t incur significant damage, the complex had sizeable water accumulation in its basements that workers were still pumping out at press time on Friday.  Read more...

The operator of the World Trade Center site says that no structural damage was suffered at any of its World Trade Center towers and that the process of pumping out flood waters is already underway.  Read more...

After becoming the first tenant to implement New York City’s Energy Aligned Lease Clause, the law firm WilmerHale has announced another environmental milestone for its offices at 7 World Trade Center: LEED for Commercial Interiors Gold certification.  Read more...

Cortlandt Street in Lower Manhattan was where demolition began in 1965 for what was to become the World Trade Center. Then the street itself was sacrificed, for three blocks, to help create an unbroken 16-acre site for the twin towers. In four months, however, workers will begin restoring one of the missing blocks of Cortlandt Street, between Church and Greenwich Streets, as Cortlandt Way.  Read more...

Office rents in the new towers at lower Manhattan’s World Trade Center will rise to levels “very close” to those for high-quality spaces in Midtown, said Larry Silverstein, who is building one of the skyscrapers.  Read more...

The Downtown Alliance today issued findings in an original research report, The Brain Gain, revealing dramatic population growth among high-value professionals living within a 30-minute commute of the Lower Manhattan C.B.D.  Read more...

The political battle royal over the World Trade Center site is meticulously captured in the new revealing documentary, “16 Acres.”
The flick covers the decade of twists and turns from the time Larry Silverstein hoisted the keys to the complex on July 25, 2001, through the opening of the Memorial fountains on Sept. 11, 2011.
The $750,000 film, by co-producers Mike Marcucci and Matt Kapp, was sharply pared down by director Richard Hankin from 3,000 hours of archival footage and interviews with the players.  Read more...

NEW YORK, Oct 17, 2012 (GlobeNewswire via COMTEX) -- WilmerHale announced today that its New York office has been awarded LEED(R) Gold certification. The LEED rating system, developed by the U.S. Green Building Council (USGBC), is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance. The law firm is one of only three in the city of New York known to have earned this recognition.  Read more...

My name is Michael Stoler. There is an individual that everyone knows in New York City, his name is synonymous with lower Manhattan, New York City development. He's been around for years. He's a good friend. He's Larry Silverstein, who is the CEO and co-president of Silverstein Properties…  Read more...

Host Michael Stoler talks with guests Janno Lieber, World Trade Center Properties; Jeremiah Larkin, Brookfield; Michael Murray, HHM and Drew Nieporent, Myriad Restaurant Group about the continued development of a 24-hour community in lower Manhattan. All agreed that spurring this development was accessibility to public transportation making this area a highly desirable location for the creative community and an exciting place for tourism. Participants discussed the need for more retail and plans to meet this need.   Read more...

The World Trade Center continues to take shape and claim its spot along the city's skyline.

Silverstein Properties hosted a tour of 4 World Trade Center Friday morning.

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Nearly 11 years after its predecessor was damaged beyond repair by the collapse of 7 World Trade Center, the Borough of Manhattan Community College’s new Fiterman Hall opened its doors to students on Mon., Aug. 27.  Read more...

Having acquired the World Trade Center buildings just weeks before the Sept. 11 terror attacks, developer Larry Silverstein has attracted the attention of many during his redevelopment of the World Trade Center site. In this video, The Real Deal takes a look at the storied career of Silverstein, the man behind Silverstein Properties.  Read more...

It has cost much more and taken far longer than expected, but as the structural form of the World Trade Center Transportation Hub by Santiago Calatrava begins to emerge, it's clear that New York and New Jersey will get some serious architecture for all that time and money.  Read more...

The final steel beam was lifted to the top of 4 World Trade Center on Mon., June 25, as developer Larry Silverstein, elected officials and construction workers joyously watched from below.  Read more...

Crews building the city's sixth largest skyscraper will celebrate a milestone Monday as they lift in place 4 World Trade Center's final steel beam.  Read more...

It's a day of celebration for workers building Four World Trade Center.

More than a thousand workers will be in attendance as the final beam will be placed on top of the 977-foot skyscraper.

Developer Larry Silverstein will also be on hand.

Before it's raised, the beam will be signed by some of the workers.

"This building is basically like a butterfly just released from the cocoon right now displaying its beautiful colors and the shape and size of this building here. It's a big day for the boys and girls here at tower 4," said Tishman Construction Superintendent Frank Hussey.

Four World Trade is slated to open in the fall of 2013.
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A steel beam is to be hoisted 977 feet to the top of 4 World Trade Center on Monday, ceremonially signifying the completion of its structural framework. Wait a minute. Four World Trade Center?
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NEW YORK (AP) — President Barack Obama ventured onto the hallowed ground of the World Trade Center site Thursday, getting a firsthand look at the skyscraper being built to replace the twin towers destroyed in the Sept. 11, 2001, terror attacks.  Read more...

If it were possible for a skyscraper to quietly rise nearly a thousand feet into the sky with little notice, 4 World Trade Center would be the building to do it. It is not simply that its big brother across ground zero is stealing all the attention, though it is. When 1 World Trade Center tops out at the end of the week, following a Flag Day ceremony led by President Barack Obama, it will be another milestone for the site, one of the last. When 4 World Trade Center achieves the same fate sometime next month, will anyone notice? If not, that would be a shame, because this may well be the nicer of the two.  Read more...

The first retail stores at the World Trade Center site could open for business by March 2015, Australian mall operator Westfield announced yesterday. Westfield, which has a 50 percent stake in the WTC site’s retail space, said the first retailers will be announced in the first half of next year. The openings would come more than 13 years after the destruction of the World Trade Center towers.  Read more...

As of May 14, the National Sept. 11 Memorial had hosted approximately 2.5 million visitors since its opening on the 10th anniversary of 9/11 (245 days prior), according to Memorial President Joe Daniels.  Read more...

Lower Manhattan isn’t just for Wall Street anymore.

With a growing residential population and an influx of office tenants in creative services and other industries, the post-9/11 downtown is setting a new standard for urban lifestyles.
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Ten years after construction began — and seven after its original scheduled completion date — the Fulton Street Transit Center project overseen by MTA Capital Construction is now expected to be finished in 2014.   Read more...

The new World Trade Center surpasses the Empire State Building as the tallest building in New York.  Read more...

Five over-70's are among those still making waves in high places in the real estate world.

Back in 1955 or 1956, Larry Silverstein scored his first success. He bought a loft building at 220 E. 23rd St. for $600,000, fixed it up, and then jacked up prices—to a whopping 75 cents a square foot.

Since then, much has changed in the real estate industry, but nearly 60 years later Mr. Silverstein is still doggedly chasing deals, just from a far loftier perch. Today, the 80-year-old developer works in a vast corner office at his 7 World Trade Center tower, arriving each morning by 9:30. Only now, he's more likely to exit at 6 p.m. than soldier on until after 9, as he did in his youth.

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NEW YORK CITY-Lower Manhattan is experiencing one of the lowest retail vacancy rates in the city – and a shopping renaissance, says Chase Welles, REBNY retail chair and vice president of the Shopping Center Group, who hosted “Downtown Retail Redefined,” a panel presentation and discussion at the Harvard Club on April 11.  Read more...